prospectus - fall 2009
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Fall 2009 Issue of Prospectus, College of Business Alumni MagazineTRANSCRIPT
Raisbeck Endowed Dean . . . . . . . . . . . . . . . . . . . . . . . Labh Hira
Editor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dan Ryan
Photo Editor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Katie Raymon
Writers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Deborah Martinez Dan Ryan
Dennis Smith
Design . . . . . . . . . . . . . . . . . . . . . . . PUSH Branding and Design
Photographers . . . . . . . . . . . . . . . . . . . . . . . . . . . Farshid Assassi Beth Romer
Printing . . . . . . . . . . . . . . . . . . . . . . . . Phillips Brothers Printing
ContactCollege of BusinessRobert H. Cox Dean’s Suite2200 Gerdin Business BuildingAmes, Iowa 50011-1350515 [email protected]
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PROSPECTUSV O L U M E 2 5 N U M B E R 2 � F A L L 2 0 0 9
The College of Business at Iowa State University is accred-ited by AACSB International—The Association to Advance Collegiate Schools of Business. The AACSB is the premier accrediting and service agency and service organization for business schools.
Dean Labh Hira
Alumni News
Faculty and Staff News
Departments2
2729
Development
Dr. Charles Handy
3136
ON THE COVERTHE COLLEGE OF BUSINESS
COMMEMORATES ITS
TWENTY-FIFTH ANNIVERSARY
AS A COLLEGE IN 2009-2010.
� � � � � �� � � � � � � � � � �
Features
25Remembering Dale Voorhees Accomplished faculty
member passes away.
19The Timeline
A look back at the
college’s history.
22PhD Program
Launches Meet the
inaugural class.
2034As the college celebrates its
anniversary, Prospectus analyzes
the trends that will shape the next
25 years of business education.
3710
1316
IntroductionGlobalization and the Global Economy
Technology and Innovation
Energy and the Environment Policy and Regulation
Gerdin Citizenship
Program, now entering
its third year, has
proven so successful
that a new program,
Leadership in Action,
is underway to further
develop graduates of
the Gerdin Citizenship
Program as tomorrow’s
business leaders.
At the graduate level,
our MBA ranking is
higher than ever, and
we are making curriculum changes to enhance that
program as well. And having fulfilled our mission
of creating a doctoral program, we are now focused
on recruiting and developing outstanding business
researchers and educators.
We are at last a truly comprehensive business
college, and that is a credit to our faculty, staff,
and alumni and friends who have been dedicated
to getting us here.
In this issue, we are taking a unique perspective
on our anniversary. We wanted to think about what
the next 25 years in business education will look like.
Imagine the year 2034. What are the emerging
realities of the business world? How will external
events shape what happens inside our classrooms?
What kinds of skills and attributes will be neces-
sary to thrive in this environment? We asked
those questions, and emerged with what I think
are some fascinating perspectives and ideas.
Regardless of events in the broader business
world, I know that we will continue our ascent as
one of the nation’s best business schools. I hope
that you are as proud of your college as I am. ■
As you can tell from our cover, this is a milestone year for the
College of Business. And we
feel like celebrating. The 2009-2010 academic year is our twenty-
fifth as a college at Iowa State University. Although
business education at Iowa State actually dates
back to the 1920s, it wasn’t until 1983 when
we were finally granted college status—and
on July 1, 1984, it became official.
In this anniversary year, we welcome many
new faces to the college, including 10 new faculty
members and a number of new staff members,
which you can read about on page 29.
There are also eight new faces that I am espe-
cially proud to welcome: the inaugural class of
our PhD program. We are very excited to have
this class in the college to launch the doctoral
program. An update on this new program and
profiles of its first class of students is on page 22.
This is at once the most exciting and the most
challenging time in the college’s history. We
celebrate our twenty-fifth anniversary in the most
difficult budget environment we have ever experi-
enced. The College of Business, like every other
unit at Iowa State, absorbed significant budget
reductions in 2008-2009. I expect upcoming years
to be similarly challenging. I have urged all of our
faculty and staff to seek out ideas for more efficient
ways to deploy our resources, and their persever-
ance will be critical to our continued success.
Despite these challenges, I have an over-
whelming confidence that our future is brighter
than ever. We have significant achievements to
celebrate throughout our college.
Our undergraduate program continues to thrive.
We have made significant curriculum changes to
enhance the experience of our undergraduates. Our
The Next 25 YearsME
SS
AG
E F
RO
M T
HE
DE
AN
Imagine the year
2034. What are
the emerging
realities of the
business world?
Labh S. Hira, Raisbeck Endowed Dean
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ecological disaster, as the material resources on which
business depends become scarcer in a world burdened
by climate change and the demands of the growing
human family.
THE CORE MISSION REMAINS Clearly, the business student of 2009 is not the student
of 1984. And, as the world has changed, so must the
College of Business in order to prepare its graduates
for a world that in the next 25 years will undoubtedly
change at least as much as it has in the past 25.
Some things, however, will not change.
“Our core mission will remain the same,” says Labh
Hira, the Raisbeck Endowed Dean at the College of
Business. “We’re in the business of transforming lives.
We get kids from small-town Iowa, they come here with
a deer-in-the-headlights look—many are the first in their
families to go to college.
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T H E C O L L E G E A T 2 5
Still, since the founding of the College of Business in 1984, Iowa, the nation, and the world have changed profoundly.
Global Communism has collapsed and free markets have
risen from the ruins of state-controlled economies, even
in China, a “communist” state, yet still the 21st-century’s
economic colossus.
This capitalist ascendancy, moreover, has been driven
by a technological revolution the likes of which the world
has never seen. The result is a global economy that
reaches every corner of the Earth, and upon which the
fortunes of nations rise and fall together.
That those fortunes have fallen so far so fast in the
past year is testament to the powerful forces sweeping
the globe, with increasing calls to more strictly regulate
business at both the national and international levels.
At least as compelling are the warnings of impending
Boundless Challenge
BoundlessYouthAs institutions go, 25 years is not a long time. Iowa State celebrated its 150th birthday last year. Harvard is a mature 373, and Britain’s Oxford University dates to 1188.
sustainability generally, with the possibility that the
college’s MBA in sustainable agriculture may one day
evolve into the kind of credential that qualifies its holder
to serve as a corporate “CGO,” or chief green officer.
Yet, because the world can’t wait for the machinery of
academic committees and accreditation processes, neither
is the college waiting to realign its focus on the needs of
the business community over the next 25 years.
“How do we incorporate sustainable business practices
and social responsibility more formally across our curric-
ulum?” asks Associate Dean Kay Palan. “How do we work
with parts of the world that are not as developed as we
are? There’s a whole range of things there we need to be
doing more about.”
‘ENVIRONMENTAL AWARENESS’ KEY Addressing those issues in the curriculum, Palan,
acknowledges, can be difficult, given the pace of change
and the continual emergence of new challenges. “We
could prepare students to graduate in December,” she
says, “and by June, who knows? There could be an
entirely new set of regulations in place.”
Increasingly, Palan stresses, the responsibility of the
college to its students lies not so much in preparing them
to tackle specific business challenges, but instead
in more rigorously cultivating what she
calls a broader “environmental aware-
ness” with regard to economics, reg-
ulation, and technology, as well as
environmental concerns as conven-
tionally understood.
That’s a focus Palan shares with
her colleague, Mike Crum, associ-
ate dean and John and Ruth DeVries
Endowed Chair in Business. Citing
the “triple bottom line,” Crum places
responsibility for remediating the
global economic and environmental
crises squarely on the shoulders of
the business community.
“People, the planet, and profits: they can work
together,” Crum insists, “and business is the most
efficient mechanism for achieving this.
“We want our students, as they get into leadership
positions, to promote these values and practices,”
Crum continues. “We’ve always had a focus on social
responsibility, but we’ve never made that explicit as the
“But they’re well-grounded human beings,” Hira
continues. “Our goal is to mold them into professionals
over the four, five, or six years they are with us.”
Though stressing a core mission, those flexible time
frames acknowledge the greater demands of a business
education in the 21st century. The successful business
graduate can no longer assume a four-years-and-out
education, or even five years. In fact, Hira says, as the
marketplace becomes more sophisticated, the master’s
degree and the MBA will be as important as the under-
graduate degree was at the college’s founding.
“Over time,” Hira offers, “you’ll be seeing more of our
students coming back, pursuing a master’s degree on a
part-time basis while they’re working.”
A CALL TO DO MORE What form those master’s degrees take
will be responsive to the needs of business.
However, notes Mark Peterson, director
of Graduate Career Services, the college
is particularly well positioned to
address those needs. The college’s
partnerships with several engineering
departments in joint BS-MBA
programs, he notes, give Iowa State
a distinct advantage in today’s market-
place over schools emphasizing finance,
marketing and management in the
MBA. Equally fortuitous is another
of the college’s historical strengths.
“One of the biggest things for
the future is companies’ drives
to optimize their supply chains,”
Peterson says. “Companies tell me there’s no end in sight,
so MBAs with a supply chain focus are going to be in
huge demand. And we’re in a really good place for that.”
In an era of diminishing resources, supply chain issues
focus on sustainability in both the economic and environ-
mental senses. However, Peterson says, in the 2010 entering
class for MBAs there will be a much greater focus on
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Since the founding of the College of Business in 1984, Iowa, the nation, and the world have changed profoundly.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 76 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
thread through our curriculum. So, after the most recent
set of scandals, we decided to be more out front with it.
We feel that will resonate with the kind of student
we want to attract.”
A CHALLENGE TO THE YOUNG In a globalizing economy, one kind of student the col-
lege is increasingly attracting comes from overseas: in the
last two years alone, notes Director of Undergraduate
Programs Ann Coppernoll, the number of international
students enrolling in the college has risen dramatically. For
last year’s spring orientation alone, she says, the college
welcomed 101 foreign freshmen—mostly from China.
“Language becomes an issue for us for a number of
reasons,” Coppernoll observes. And since these students
are largely 17- and 18-year-olds, she adds, on top of the
language barrier are the same socialization issues any
young person has when away from home and family for
the first time, aggravated by adjustment to a radically dif-
ferent culture.
Challenges exist for native undergraduates as well. In
addition to negotiating foreign cultures themselves,
today’s students must grapple with a dizzying array of
online technologies for seeking and securing employment
in the global competition for jobs.
That’s a two-edged sword, observes Kathy Wieland,
director of Business Career Services. “The market seems
to want to consume more technical talent,” she concedes.
Yet with the explosion of social networking sites and an
online application process, she fears job seekers may
lose sight of the skills needed to succeed in the market.
“In the next 25 years, I’d really like to find the sweet
spot between technology and the face-to-face,” Wieland
says, “the melding of high-touch and high-tech where
employers and candidates can meet. We definitely have
gaps between what students do online and what they do
face-to-face that make the process difficult right now.”
THE COLLEGE MATURES Perhaps the most significant change over the next
25 years will be heralded by the college’s first class of
PhD candidates this fall. Not only does the PhD program
signal the maturity of business studies at Iowa State, it
benefits everyone associated with the college, from
entering freshmen to senior faculty members.
“Just like any other faculty, our dream was to have a
PhD program to train and mentor students at that level,”
says Hira. “And the PhD program has an ‘echo’ effect on
our undergraduates: you get a better faculty, you attract
better students.”
And, adds Crum, the benefits aren’t limited to students,
but extend to college alumni as well. “As the reputation
of your institution improves,” he notes, “your degree is
perceived as more valuable.”
Those dividends will be paid over the next 25 years,
as Iowa State business PhDs conduct research, publish
scholarly articles, and assume faculty positions at other
institutions, disseminating the Iowa State business brand
nationally. In the meantime, college faculty and students
at all levels are preparing to meet the challenges of the
next 25 years today. In the following pages, we lay down
those challenges in four distinct yet intimately connected
areas: innovation and technology, globalization and the
global economy, energy and the environment, and policy
and regulation.
The challenges are formidable, but so are the opportu-
nities. The College of Business may be barely older than
its youngest graduates, but it shares with them energy,
idealism, openness to new ideas—and every other advan-
tage of youth. ■
How do we incorporate sustainable business practices and social responsibility more formally across our curriculum?”
“
Kay Palan
The PhD program has an ‘echo’ effect on our undergraduates: you get a better faculty, you attract better students.”
“
Labh Hira
In the next 25 years, I’d really like to find the sweet spot between technology and the face-to-face.”
“
Kathy Wieland
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 76 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
From a common classroom in 1979, a teacher and her student take their places on the international stage of business.
International business your calling? Today, you can run your global
operations stateside from your
iPhone. For others, though, there’s
nothing quite like being “on the
ground,” especially if you’re seeking
a career with a large multinational
concern.
Either way, today’s students will
necessarily be tomorrow’s interna-
tional businessmen and women. And
in a global economy that is more
interconnected by the day, the
College of Business must give those
students the tools they’ll need to
compete on a global stage.
EYES WIDE SHUT That wasn’t the case 25 years ago,
when Jan Van Ekeren (’81 Industrial
Administration) sat in the accounting
classroom of Cyndie Jeffrey, a young
teaching assistant in the industrial
administration program.
Van Ekeren hadn’t studied a
foreign language at the New Monroe
Community School nor at Iowa State,
which dropped the language require-
ment before she matriculated. But
that was OK—Van Ekeren didn’t
plan to leave Iowa. Landing a job
in Des Moines after graduating, she
was well on her way toward a modest
career in a state known for its modesty.
Yet by 1983, Van Ekeren had been
lured to Chicago by a corporate
headhunter who convinced her that
the Chicago suburb of Rolling
Meadows, home of manufacturer
McGraw-Edison, was “Iowa-like” in
its culture and pastoral setting. After
all, company founder Max McGraw
was himself a native Iowan—but
that’s where the similarity ended.
“It was a big leap for me,” Van
Ekeren recalls. “But I just closed my
eyes and jumped—and ended up in
Paris for six months. It was a whole
other world, very different from Iowa.”
Since making that leap, Van Ekeren
has opened her eyes to the world. She’s
directed foreign operations for global
banking concerns across Europe from
her London-based headquarters. She’s
been posted to Singapore, Hong Kong,
and now Bangkok, where she is CFO
and executive director of the Bank of
Out of Iowa
T H E C O L L E G E A T 2 5 : G L O B A L I Z AT I O N A N D T H E G L O B A L E C O N O M Y
Into theWorld
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Ayudhya, managing $22 billion in
assets and driving growth across
582 branches of the GE Money
joint venture.
A POLYGLOT BUSINESS EDUCATION A generation later, the pace of
economic globalization has only
accelerated. Van Ekeren’s former
accounting teacher, now an associate
professor and the Bandle Faculty
Fellow in Accounting, reflects
in her Gerdin Business
Building office on 25 years
of dramatic change in inter-
national business—and
foresees an even
more dramatically
different future.
“Accounting’s been
around for over 500 years,”
Cyndie Jeffrey observes, “and
the business model has changed
more in the last 30 years than
in the prior 470. Because of
technology, communications,
and globalization, business has
become much more complex
very, very quickly.”
Jeffrey believes students should
have a rigorous preparation to
deal with this complexity, and that
means things Van Ekeren scarcely
imagined 30 years ago—travel abroad,
overseas internships, the study of
foreign languages and culture. Today,
though, Jeffrey contemplates another
form of linguistics: the looming
“translation” from Generally Accepted
Accounting Principles (GAAP) to
International Financial Reporting
Standards (IFRS).
In a globalized economy, she says,
the move is both necessary and inev-
itable. “A single language worldwide
to talk about what businesses have
done,” Jeffrey notes, “will facilitate
the efficient allocation of capital
and resources, because we would
be talking a common language and,
hopefully, have easier comparability.”
In order to succeed in the
globalized economy, then, students
must become not just bilingual or
even trilingual, but multilingual—
conversant not only in, say, English
and Mandarin, but also in both
GAAP and IFRS in order to help
their companies “translate” to IFRS.
It’s an added educational burden,
Jeffrey concedes, but one that is not
without its rewards. “That opens up
tremendous career opportunities,
because all of a sudden you’re a global
rather than just a local player. You’re
an auditor; you can go anywhere.”
BORN TO GO GLOBAL Virginia Roberson, a senior in
accounting and international business
and president of ISU’s International
Business Club, experienced that
mobility firsthand this summer
when she served an internship with
Landesbank Baden-Württemberg in
Mannheim, Germany.
If anyone was born to be Jeffrey’s
“global player,” Roberson’s that
person, with advantages Van Ekeren
never dreamed of in the ’60s and ’70s:
her mother is a native German
and a professional accountant,
and she enjoyed extended
stays with her German rela-
tives growing up. In fact,
she lived in Germany six
years, becoming fluent in
the language—and disposed
to learning others.
“I chose accounting in par-
ticular because it’s the language
of business,” Roberson says. “That
allows you to have some versatility.”
While language study and the
new international standards will
play critical roles in educating stu-
dents in years to come, Roberson
feels equally strongly about other
“languages” in which Americans
must become fluent in order to com-
pete in global markets. These include
a better understanding of geopolitics
and international relations, as well as
But I just closed my eyes and jumped— and ended up in Paris for six months. It was a whole other world, very different from Iowa.”
“
Jan Van Ekeren
Accounting’s been around for over 500 years, and the business model has changed more in the last 30 years than in the prior 470.”
“
Cyndie Jeffrey
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the cultures of people who have not
always seen eye-to-eye with the
United States.
“At the bank in Germany where I
did my internship,” Roberson says,
“the U.S. relationship with certain
countries in the Middle East had to
be taken into consideration, and the
business the bank did was limited as
conflict between those countries and
the United States escalated.
“Another challenge is cultural or
legal differences,” she continues.
“The differences in business prac-
tices and expectations play a huge
role in the business relationship.”
BRIDGING THE CULTURAL GAP Nowhere is sensitivity to cultural
differences more critical than in the
audit relationship—particularly, Van
Ekeren notes, in traditional cultures
where social and political hierarchies
more rigidly define status than in the
United States.
“Asian culture is very different: it
starts with the family, and the young
are not quick to challenge,” Van
Ekeren observes. “So there’s a great
deal of deference to senior leader-
ship. But if you look at the typical
audit relationship, you have young
teams coming in to audit senior,
much more experienced business
teams, and it’s not in their nature
to challenge and question.”
That’s a situation, Jeffrey notes,
fraught with even more risk for young
Americans sent overseas to audit for-
eign operations. “If I’m an auditor, and
I come into an Asian company,” she
asks, “do I feel comfortable challeng-
ing management as to whether they’re
giving me the honest truth?
“In the United States, that can be
hard too,” she continues. ”But we have
a culture where that is acceptable—
I can challenge the president of the
United States, if I want to. But that is
not necessarily acceptable in other cul-
tures. So, does that affect the audit?”
That question informs Jeffrey’s
scholarship, and she believes its
importance will only grow in the
future. Indeed, while she feels the
college eventually may no longer
teach “international accounting”
due to the eventual convergence
of GAAP and IFRS, the increasing
presence of American accounting
practices—not to mention American
accounting practitioners—will
require continuing attention in
b-school curriculums in order to
navigate potential cultural pitfalls.
PARLEZ-VOUS ‘BUSINESS’? While these questions have some
immediacy for a more cosmopolitan
student, most entering the college in
the next 25 years will likely still
resemble Jan Van Ekeren in 1979
than Virginia Roberson 30 years
later. However, unlike Van Ekeren,
tomorrow’s students will begin their
international careers not with a leap
into the unknown, but instead
a leg up through knowledge.
And those students will have
international careers—even if they
never leave Iowa.
“In 1994, when I started offering
the international accounting course,”
Jeffrey recalls, “I asked a partner at
one of the major firms in Des Moines,
‘Which would you prefer, if we offered
a master of tax here or tried to inter-
nationalize our program?’ He told
me, ‘master of tax.’
“About four years later,” Jeffrey
continues, “he came to me and said,
‘Do you know anybody who speaks
French?’ He had a client he couldn’t
talk to—in Des Moines, Iowa. And
he needed a translator who knew
both business and French. If he
couldn’t deal with the international
subsidiaries of his clients, he was
going to lose them.”
For a former small-town girl from
Iowa, though, the challenge transcends
business itself to touch upon questions
of core identity—and an individual’s
relationship to a much larger world.
The role of the college, she suggests,
can be transformative.
“The challenge for Iowa State
is to position people for this,” Van
Ekeren says. “How do you open
their minds, help them think of
things in a new way?
“It’s challenging,” she adds.
“You’re dealing with many more
dimensions than you would staying
in a more homogeneous environ-
ment. But it’s very rewarding.” ■
“I chose accounting in particular because it’s the language of business. That allows you to have some versatility.”Virginia Roberson
The challenge for Iowa State is to position people for this. How do you open their minds, help them think of things in a new way?”
“
Jan Van Ekeren
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On a midsummer afternoon, Tim Hackbarth (’07 Marketing) sits in a coffee shop across the street from Drake
University in Des Moines. The 24-year-old is dressed
for success: t-shirt, jeans, iPhone—and a laptop with
a sweet network card.
Hackbarth is at work. Conducting business. Internationally.
“My office is in my bag. I have files on my laptop, but
most of my work is online,” says the online ad consultant
and broker of Web design services. He takes a quick sip
of his drink.
“Stop me if I go too long, but you’ve touched on
my passion.”
You might dismiss Hackbarth as a dreamer, another
twenty-something laptop jockey who eventually will drop
the act, pick up a nice suit for interviews, and channel
some of that passion toward getting a “real” job.
First, though, consider touching as well the passion of
Dale Renner. A 1978 grad, Renner bought the interview
suit—and promptly turned down a $35,000 salary from
International Harvester to work instead for Arthur
Andersen at $14,800 a year. “I took that job because I
thought it would give me the best first experience,” Renner
says, “lots of exposure to lots of different situations.”
Renner went to work building Andersen’s customer
relations management operation (CRM) from the ground
up. By the time Andersen Consulting split from its parent
company in 1989, Renner had become a partner, growing
his office into the top CRM operation in the world.
Challenge met, in 1999 Renner hung up the “suit”
and walked out the door. “I wanted to run a company,”
he says.
It was the end of the dot.com boom, so Renner
picked up an operation with 110 people and no revenue,
at a fire sale price, and rebranded it as Seisint, Inc.
He strung together clusters of in-memory computers,
built a database of 20 billion records of Americans,
T H E C O L L E G E A T 2 5 : T E C H N O L O G Y A N D I N N O VAT I O N
Hands on the Keyboard
Heads inthe CloudsGenerations of college graduates—past and to come—will master business by mastering technology.
“WE MAKE MAGIC”
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and added proprietary linking logic to create profiles
of individuals comprised of virtually all their public and
financial information.
Renner then allowed subscribers to run instant credit and
criminal checks at a quarter a click with a $3.75 maximum,
making standard credit bureau inquiries instantly obsolete.
After 9/11, his team created a set of “terrorist factor scores”
that turned up six of the 9/11 hijackers. The feds were
impressed, and so was Nexis-Lexis, which bought Seisint
in 2004 for a tidy $775 million.
Next, Renner bought part of a British firm that was
doing analytical CRM, relocated it to the United States,
built it up and, in early 2006, flipped it to global credit
giant Experian for $160 million. Always restless, Renner
went back to work and started RedPoint, a new data
management enterprise—at his dining room table.
“We make magic out of data,” Renner says of his
concept-driven, software-as-service database model.
“We’ve created our own cloud environment aimed at
compiling and managing data for our clients in both
the structured and unstructured data worlds.”
WHAT IS ENTREPRENEURSHIP? Renner could be Tim Hackbarth’s father. Despite being
a generation apart, though, the men are spiritual brothers,
fiercely independent and using their entrepreneurial
energy to ride an ever-accelerating wave of technological
innovation that not only has changed how business is
done, but increasingly informs the very essence of
business itself in the 21st century.
Nowhere is this wave more evident than at the
Pappajohn Center for Entrepreneurship, whose director,
Steve Carter, is also president of the ISU Research Park, a
self-described “technology community and incubator of
new and expanding businesses.” Carter helps innovators
and entrepreneurs—the titles are increasingly interchange-
able—ride the wave every day.
That wasn’t the case as recently as the early 1990s.
Entrepreneurship was, at best, a quasi-exotic subspecies
of a business curriculum still designed primarily to pro-
duce workers for the nation’s mainline industries.
And, Carter notes, it wasn’t even on the radar of the
non-business community.
“When we first talked with faculty, it was like,
‘Entrepreneurship? What the hell is that?’” Carter chuckles.
“That’s not the case now. Faculty are interested.”
And not just faculty. That interest in entrepreneurship
has risen steeply with the explosion in information tech-
nology since the college’s founding in 1984 is hardly a
coincidence. The Internet is a profoundly democratic
means of communication, and its commercial side in the
World Wide Web has significantly expanded the value
of intellectual capital, not just for the well-heeled and
established, but for the young and creative as well.
“The Internet continues to have a significant impact
on our economy and way of life,” Carter observes. “I see
a compressing of the waves of innovation, and a recogni-
tion that real opportunity for future growth and quality
jobs is being generated by the entrepreneurial sector, not
the large corporate sector as it was 15 years ago.”
E Y E S O P E N T O T H E W O R L D It should be no surprise, then, that college leaders should
stress the importance of entrepreneurship and technological
innovation—especially information technology—to a quality
business education over the next 25 years.
Newly appointed chair of logistics, operations, and
management information systems Qing Hu embodies the
transformative power of technological awareness. Trained
When we first talked with faculty, it was like, ‘Entrepreneurship? What the hell is that?’”
“
Steve Carter
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1312 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
originally as a mechanical engineer in heavy equipment
manufacturing, Hu’s life changed dramatically when he
left China to visit Europe on a tech transfer tour in 1986.
“That opened my eyes to the world,” Hu acknowledges.
“It seemed to me the world and technology was changing,
and what I had learned was actually very little.”
By 1989 Hu found himself in a PhD program in com-
puter information systems at the University of Miami,
where he studied artificial intelligence as a prelude to
specializing in management information systems and
IT security issues. Today, the former heavy equipment
engineer is a rising figure in MIS, and a vigorous advocate
for the mastery of information technology by students in
any field of study in the college.
“IT has merged with every business function,” Hu
stresses. “It’s the backbone of every organization. And IT
is going to continue to lead innovation in business, with
new uses we never imagined.”
Hu points to the so-called “Web 2.0”—including the
“cloud” entrepreneurs such as Renner and Hackbarth
exploit—as one means over the next 10 to 15 years by
which the Internet will organize society, including the
business sector. Web 2.0 emerged not as a top-down
movement, Hu reminds, but from the grassroots: MySpace
and Facebook expanded almost overnight, and in a couple
of years changed from a college social network into a
global social network.
With the rise of the Internet, the application of
information technology in business has become less a tech-
nical than a managerial tool, Hu says. So whether they strike
out on their own like Renner and Hackbarth, or sign on
with a giant multinational, he believes that students who
leave Iowa State without a solid grounding in IT will be no
better prepared for success in business than he was as an
engineer of heavy equipment in the 1980s.
“We’re a business school, and we’re supposed to
educate our students to have more managerial skills and
knowledge,” Hu reminds. “So we want our students to
be technically competent, but at the same time more
managerially savvy.”
As an innovator who has successfully worked both
sides of the entrepreneurial-corporate divide, Dale Renner
supports Hu’s distinction between a technical and a
managerial understanding of the surging waves of techno-
logical innovation—and its importance to an Iowa State
business education over the college’s next 25 years.
“It isn’t about a given technology,” Renner says. “It’s
about understanding the technologies—how to use them,
how to apply them, how to make them work for you.
Everybody may not be a technologist, but, at least in the
business world, you’ve got to understand how to use
technology to make yourself efficient.”
Tim Hackbarth understands. In 25 years, he says, he’ll
still be totally virtual and working his global network of
clients and freelancers.
“The interactivity we’ll have will be stronger, and our
collaboration will be better than it is now in an office
sitting right next to someone,” he insists as he scrolls
through messages on his iPhone.
Payments from clients, invoices from vendors,
project files from freelancers in Venezuela, India, and
the Philippines—all wait to be downloaded. It may be
a sunny day in July, but Hackbarth’s head is in that
worldwide business “cloud.”
And why not? Like Renner before him, the man is a
born rainmaker. ■
IT is the backbone of every organization. And IT is going to continue to lead innovation in business, with new uses we never imagined.”
“
Qing Hu
The interactivity we’ll have will be stronger, and our collaboration will be better than it is now in an office sitting right next to someone.”
“
Jan Van Ekeren
“ IT ’S ABOUT UNDERSTANDING THE TECHNOLOGIES”
America was emerging from recession
in 1984 when the College of Business
was born. The shocks to the economy
from the energy crisis of the ’70s and
double-digit “stagflation” were fading.
It was “morning in America.”
Business was booming. Conspicuous
consumption was back. Gas was
cheap and plentiful, with elephantine
SUVs lumbering off production lines.
The environmental movement? An
afterthought, relegated to academics,
the “radical” fringe, and Earth Day
programs for schoolchildren.
No longer.
NEW CURES FOR ENERGY HANGOVERS When our current recession ends,
things will look much different. The
nation has been on a financial and
environmental bender the past quarter
century, and is now waking up to the
hangover. Grim resolutions are made:
things will be different this time.
However, this time it will take
more than grim resolution. It will
take vision and creativity, not only
on the parts of individuals, but
institutions as well. It will take
dedication and follow-through.
Merry Rankin, Iowa State’s
director of sustainability and a 1987
College of Business graduate, knows
something about the vision and
creativity needed to get society on the
wagon, so to speak, toward a more
sustainable future. So does MBA can-
didate Nicholas McCann. Both came
to Iowa State not to follow any tried-
and-true career path, but instead to
realize unique visions for themselves
and the world in devising programs
of graduate study for the 21st century,
new career tracks that may soon
enter the curricular mainstream in
the College of Business.
And there’s nothing “grim” about
their resolve.
“I think there’s a great need in
education for understanding our
energy sources, our energy uses, our
energy conservation, and the envi-
ronmental arena,” says Rankin. “It’s
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1312 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
From a common classroom in 1979, a teacher and her student take their places on the international stage of business.
The College as the
T H E C O L L E G E A T 2 5 : E N E R G Y A N D T H E E N V I R O N M E N T
Cradle of CGOs
the journey that has led us to where
we are today, and where we must go
in the next 25 years.”
A CAREER AT A CROSSROADS Twenty-five years ago, Rankin was
a new graduate who had studied
marketing, trans-log and manage-
ment. After several positions in
retail, by 1990 she found herself laid
off and “at a crossroads” in her
young professional life.
Raised on a family farm in southern
Iowa, and steeped in the environmental
principles that come with stewardship
of the land, Rankin instinctively knew
which road a young businesswoman
should take at this juncture in her
career: she would go back to Iowa
State for her master’s degree—in
wildlife management.
“I was interested in how people
who had a lot of influence in natural
resources interacted with the environ-
ment, and how they made decisions
that impacted the environment,”
Rankin says.
In other words, Rankin found
management at least as compelling
as the wildlife aspect of her studies,
a double focus that led her to craft
a novel master’s program and write a
thesis on the environmental activities
and actions of Iowa businesses and
industry. In the course of her studies
and after, she pursued a number of
foreign opportunities, working on
wildlife and environmental projects in
Australia, India, Costa Rica and South
Africa before landing with Iowa’s
Department of Natural Resources.
SPEAKING TWO LANGUAGES Like Rankin, Nicholas McCann, a
Miami-Ohio graduate with a double
major in business and German,
wanted to bridge the divide between
business and the environment. And,
like her, his environmental instincts
were galvanized overseas—in his
case, working on sustainable irriga-
tion and soil erosion projects for
subsistence farmers in Haiti.
Today, McCann is working toward
his MBA with an emphasis on sus-
tainable agriculture. And, befitting
the double major he pursued as an
undergraduate, he views his work
through the lens of “linguistics.”
“I think there’s a big disconnect
between the environmental world and
the business world,” McCann offers.
“People don’t speak the same language.
“One of the great opportunities in
my program,” he continues, “is that
I get to learn two languages: sustain-
able ag, so I understand the ecological
principles people are talking about;
and, on the economic plane, why
people say they can’t do this, that
or the other.”
Not only are people like McCann
and Rankin transitional in the business
world, then, they’re “translational”
as well, serving to mediate the divide
between business and the environ-
ment, while exposing that divide
as illusory when viewed from a
broader perspective.
“To say that our economic systems
are separate from ecological systems
violates some law of thermodynamics,”
McCann jokes. “When you look at
it from a systems perspective, they
can’t be divorced.”
That’s a perspective shared by
Frank Montabon, associate professor
of operations and supply chain man-
agement and McCann’s adviser. “The
environment is not an imposition,”
he insists. “If you’re making windows
out of wood, it’s in your interest that
there’s a sustainable supply of wood.
If you’re making beer, it’s in your
interest that there’s a reliable supply
of clean water.”
RISE OF THE CGO Given the heightened environmen-
tal awareness of consumers, beyond
ensuring a business’s supply chain,
“going green” can also support a com-
pany’s customer relationships. That’s a
central tenet of the marketing strategy
of Minnesota-based utility Xcel Energy,
according to 1984 grad Mark Stoering.
“One thing driving our renewable
energy strategy,” notes Stoering,
“is driving customer interest in
being green companies, sustainable
companies not only promoting
energy efficiency with their own
employees, but representing to
customers that they’re taking
initiatives in that direction.”
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1514 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
I think there’s a great need in education for understanding our energy sources, our energy uses, our energy conservation, and the environmen-tal arena.”
“
Merry Rankin
I think there’s a big disconnect between the environmental world and the business world. People don’t speak the same language.”
“
Nicholas McCann
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1514 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
And, Stoering insists, it’s not
just “greenwashing” otherwise
environmentally suspect operations—
customers, he says, will wise up to
that quickly in today’s information
environment.
As vice president of portfolio
strategy and business development
for Xcel, Stoering works with many
of the Fortune 500 companies based
in the Twin Cities to elevate both their
green profiles and practices. In nurtur-
ing these corporate relationships, he’s
noted a growing phenomenon.
“We continue to see the emergence
of ‘chief green officers’ or ‘sustainability
officers’ in companies, beyond what
has traditionally been an energy
manager,” Stoering says. “So there
are those emerging professional
tracks that make those jobs not
only broader but more enriching,
particularly for companies with
energy demands that go beyond
compliance and are actually
interested in promoting environ-
mental stewardship.”
MORE THAN A BUZZWORD As at Xcel, sustainable business
practices must be championed at the
top of an organization. In this regard,
there is perhaps no better example of
the emerging “CGO” than Merry
Rankin herself, who oversees Iowa
State’s Live Green! program, the
signature initiative of Iowa State
President Gregory Geoffroy.
As the university’s “CGO,” Rankin
manages a $3 million renewable loan
fund that helps campus facilities
implement conservation programs
and other sustainable practices, with
cost savings directed toward repay-
ing the loans. Equally important,
Rankin sits in the highest councils of
the university, meeting regularly with
top officials to review sustainable
policies and practices at Iowa State.
“Yes, there are a number of
institutions where ‘being green’ is
a buzzword,” Rankin acknowledges.
“But I have a voice. I wasn’t hired just
to sit in an office, write press releases,
and ride in the VEISHEA parade.
“There is a new sense of urgency
with regard to sustainability at insti-
tutions,” she continues, “including
the way they do business and inter-
act with their communities. I’ve been
hearing of many more plans to hire
directors of sustainability, both in
education and business.”
STUDY AT THE EPICENTER OF GREEN But will that sense of urgency
translate into new programs of study
at Iowa State’s College of Business?
Or will tomorrow’s CGOs be mostly
academic “entrepreneurs” such as
Rankin and McCann, self-starters
who see a need—and an opportu-
nity—and customize a program to
their vision?
Montabon notes that, like ethics,
“sustainability” is not a concept to
be developed, polished, and then rel-
egated to an academic sideline, but
instead must inform every aspect of
a business curriculum. In that
regard, the college is constantly
adjusting its curriculum to accom-
modate emerging concerns faculty
believe they’ll be dealing with years
down the line.
Yet, Montabon says, the kinds
of programs crafted individually
by McCann and Rankin will, in
time, achieve mainstream status.
“We can absolutely envision new
majors, new minors, new degree
programs in business and the envi-
ronment,” he says. ”Other schools
have already implemented them.”
Still, notes McCann, “other
schools” don’t have all of the
advantages of Iowa State in cross-
disciplinary studies, resources that
can make “green” degrees from
Iowa State stand out among the
crowd over the next 25 years.
“There are great opportunities
for students to do this,” McCann
remarks, “especially here, with all the
things going on in renewable energy.
“Iowa State is the epicenter
for all that,” he smiles. “It’s why
I came here.” ■
The environment is not an imposition. If you’re making windows out of wood, it’s in your inter-est that there’s a sustainable supply of wood.”
“
Frank Montabon
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1716 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
Jim Staiert should be just the kind of guy who could get along with people like associate professor of accounting
Jim Kurtenbach and Jim Heckmann, director of Iowa’s
Small Business Development Centers.
An Iowa State alum in finance and agricultural business,
as well as a master’s in economics, Staiert has, on paper, the
kind of credentials that would appeal to a couple of business
types. But it’s not that simple, and, “on paper,” there’s argu-
ably at least as much basis for conflict as for common cause.
You see, Jim Staiert is a government bureaucrat.
TIME FOR A TRUCE The perennial battle between government regulators
and champions of free markets is hardly front-page news.
But with the rapid globalization of commerce, breathtak-
ing advances in technology, and urgent concerns for the
natural environment, the regulatory “heat” of government
has become only more intense.
Maybe it’s time to call a truce, if not a declaration of
peace. Heckmann offers an olive branch:
“There are some great regulations out there,” he
concedes. “A lot of the health and safety stuff is great.
The FDA is a regulatory agency that truly benefits
Americans, and USDA has a lot of fine regulations.
“But,” he counters, “there’s a whole host of regulations
out there that are just a pain to deal with, and that aren’t
really necessary.”
Truce over. Before we jump back into the trenches,
though, a couple of points.
T H E C O L L E G E A T 2 5 : P O L I C Y A N D R E G U L AT I O N
A Guide for the Ride Through the
Regulatory Jungle
As the impulse to regulate business gathers momentum at all levels of government, the college looks for a clearing in the distance.
It’s a question of which regula-tions are needed, and how they are implemented, enforced, and justified over constantly changing social, economic and environ-mental conditions.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1716 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
As a program analyst with the U.S. Department of
Agriculture, Staiert, in Heckmann’s view, is at the least
a noncombatant. In fact, Staiert started out with USDA’s
Agricultural Cooperative Service, where he helped farmers
(a.k.a. small businessmen and women) establish purchasing
and marketing co-ops. In that regard, he could be viewed
as a natural ally of Heckmann, a man whose pre-SBDC
career was dedicated to helping businesses navigate the
regulatory minefields.
Next, no one short of a bomb-throwing anarchist
argues that regulation should be dispensed with alto-
gether. It’s simply a question of which regulations are
needed, and how they are implemented, enforced, and
justified over constantly changing social, economic and
environmental conditions. And, finally, what does this
mean for business education at Iowa State for the next
25 years and beyond?
MONEY EQUALS RULES If Jim Kurtenbach looks to be conflicted in his alter-
nating roles as an educator, a former Iowa state represen-
tative and policymaker, and a vigorous advocate
for deregulation—look again.
“Onerous,” he calls a proposal
to mandate health coverage for the
employees of businesses with pay-
rolls as small as $250,000 annually.
And he doesn’t stop there.
“Small business has always been
Iowa’s strong suit,” Kurtenbach
observes. “A lot of small companies
starting up prefer to use stock
options, and the tax treatment that
triggers is huge, even if they have a
future and not a current value. So
your reporting and compliance and
the associated risk are so complex,
it increases your cost of business.”
“Anytime you layer on another
regulation,” Heckmann agrees, “you layer on another
complexity to doing business. That distracts the business
owner’s attention from serving customers, improving
product, improving margins, and creating jobs.”
Heckmann knows whereof he speaks: in 1984, after
two years with a St. Louis law firm, he went into business
for himself, first as a litigator, and then as an adviser on
regulatory and compliance issues to businesses small and
large. Yet though he made his living from the regulatory
zeal of state and national policymakers, he does not
hesitate to express his frustration with the regulatory
regime—especially as an advocate for small businesses
in his role as director of the Iowa SBDC.
“Whenever there’s money involved, somebody’s going
to write rules,” Heckmann acknowledges. “And any time
you see a failure somewhere in the markets or the regula-
tory scheme, new regulations get imposed.
“But the problem with regulations,” he continues,
“is that they get imposed to solve a problem, and often
they’re not finely tuned to solve
the problem. Then the doctrine
of unintended consequences
kicks in, and all of a sudden
businesses of all kinds have to
react to that.”
SUNSET OVER THE JUNGLE Despite Heckmann’s concerns,
Staiert counters, the trend over
the past quarter century has been
toward deregulation across adminis-
trations, whether Republican or
Democratic. However, given the
young century’s various financial
debacles, combined with the social,
economic, and environmental forces discussed
elsewhere in this issue, that trend is inarguably ending.
Still, Staiert would agree, care must be taken, not only
in justifying the imposition of new regulations on busi-
ness, but in coordinating their implementation with other
agencies and policymakers that may have an interest in
the matters being regulated.
“Right now we have kind of a disjointed policy with
respect to renewable energy,” Staiert offers as an example
The biggest challenge right now is trying to keep those regulatory policies consistent, and to make sure we’re not doing anything out of line with what the other groups are doing.”
“
Jim Staiert
of particular interest to Iowans. “There are certain
things that are being implemented and regulated by
USDA, then there are others the Department of Energy
is involved in.
“From our standpoint,” he continues, “the biggest
challenge right now is trying to keep those regulatory
policies consistent, and to make sure we’re not doing any-
thing out of line with what the other groups are doing.”
Heckmann lauds that level of self-examination. Beyond
that, though, he feels passionately that, once imple-
mented, government regulations should be regularly
reviewed under the scrutiny of sunset provisions, in
which those formulating and implementing policy must
regularly revisit their handiwork and justify its continued
existence to those most affected.
“Every set of regulations should have a sunset period
on it,” Heckmann insists. ”Their supporters should have
to come back and justify them. And if you can’t get agree-
ment, they end.”
TOWARD A SOPHISTICATED STUDENT That may be a blue-sky scenario: once implemented,
policies and regulations seldom are reviewed, let alone
rescinded. More likely, as Heckmann points out, they’re
simply ignored by increasing numbers of the regulated as
their relevance and utility wanes.
Ignorance, however, is not a strategy businesses can
afford to adopt. And, as the regulatory juggernaut acceler-
ates under today’s demands, the college in its next 25
years must consider its responsibility to the students it
will send out into the regulatory jungle.
“The study of policy and regulation should be an integral
part of a business curriculum,” Heckmann asserts, “because
that’s the universe in which business operates. Looking at
policy—the cost of policy, the effects of policy good and
bad—should be part of a business education. You’d better
understand it or you’re going to get run over by it.”
Moreover, adds Kurtenbach, while it may have been
peripheral to a business education in the past, a focus
on compliance, policy, and regulation will increasingly
be integral to the curriculum as the college moves into
its next 25 years. The layering of policies between various
levels of government, he says, together with the globaliza-
tion of virtually every business activity above the level
of a lemonade stand, will place added burdens on both
students and their instructors.
“We have courses on forensic accounting, entrepre-
neurship, and international management and relationships
that we didn’t have 20 years ago,” Kurtenbach notes.
“The regulatory environment as the United States responds
to other countries, and Iowa responds to the United States
and neighboring states, is going to drive a much more
sophisticated and educated student. So students may
well go from a fourth to a fifth year just so we can focus
on international reporting.”
Key to an enhanced focus on these topics, Kurtenbach
says, will be the need to represent the broad spectrum of
perspectives—from the passionate defenders of rigorous
regulation as critical for the public good to the most
unfettered libertarians and free-marketeers—in a balanced
and respectful manner. That’s a challenge hardly lost on
Kurtenbach, whose own proclivities in this regard are
well known, but who nonetheless manages the balancing
act in his own classroom.
“As faculty,” he says, “we need to determine how we
can bring public policy, how we can bring the regulatory
elements in a neutral fashion, where we’re simply exposing
students to the discussion but not driving an agenda.” ■
Looking at policy—the cost of policy, the effects of policy good and bad—should be part of a business education. You’d better understand it or you’re going to get run over by it.”
“
Jim Heckmann
We need to bring public policy and the regulatory elements in a neutral fashion, where we’re simply exposing students to the discussion but not driving an agenda.”
“
Jim Kurtenbach
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1918 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
251930s
Name changed from Business Engineering to Engineering Economics, and eventually to Industrial Economics.
1953
The accounting program qualifies as a major for the CPA examination.
1955
Department of Industrial Administration is established. William Schrampfer is named department head.
1959
Department becomes a part of the new College of Science and Humanities.
R E T R O S P E C T I V E
thAnniversary
1968
William Thompson named department chair.
1975
Lynn Loudenback named department chair.
1978
Charles Handy named head of business programs.
Department of Industrial Administration is established. William Schrampfer is named department head.
1930s 1950s 1960s 1970s
Department moves into Carver Hall.
Although this twenty-fifth anniversary issue of Prospectus is about looking forward, it’s only appropriate that we pause to look back on the milestones that we passed along the way. The College of Business is forever grateful for the many people responsible for this impressive list of accomplishments.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 1918 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
1955
1955
1920s
1920s
Business courses offered in the Department of Economics.
IOWA STATE UNIVERSITY
1983
Board of Regents approves the formation of the College of Business Administration.
1984
Pioneer Hi-Bred International Agribusiness Chair established.
Career Development and Placement Office established.
1985
MBA Program approved by Board of Regents; first students admitted.
Student-run Business Day inaugurated; later expands to Business Week.
1986
College assumes oversight of the Iowa Small Business Development Centers.
1987
First transportation conference held. Keynote speaker is Elizabeth Dole, U.S. Secretary of Transportation.
1988
Union Pacific/Charles B. Handy Professorship established.
1989
Principal Computer Laboratory opened.
Dean Charles B. Handy retires; David Shrock named dean.
1990
College’s first develop-ment director named.
1991
College receives initial American Assembly of Collegiate Schools of Business (AACSB) accreditation.
Name shortened to College of Business.
1993
R. Dale Voorhees Lecture Series inaugu-rated; later expands to become the Voorhees Supply Chain Conference.
Murray G. Bacon Center for Ethics in Business dedicated.
1994
Dean David Shrock leaves Iowa State; Benjamin Allen named interim dean. The interim tag is removed the following year.
1998
College of Business initiative launched with $10 million gift from Russell and Ann Gerdin.
1980s 1990s
College of Business Administration officially formed on July 1.
Arthur Andersen Computer Laboratory opened.
ISU Pappajohn Center for Entrepreneurship estab-lished with a gift from John and Mary Pappajohn.
School of Business Administration formed.
Board of Regents approves creation of a part-time MBA program in Des Moines.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2120 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
1980 1988
1996
1984
1999
COLLEGE OF BUSINESS
IOWA STATE UNIVERSITY
2000
College of Business ranks third in enroll-ment among Iowa State’s colleges.Re-accreditation awarded by AACSB.
Board of Regents approves construction of the Gerdin Business Building and the master’s of accounting program.
2008
David and Ellen Raisbeck pledge $3 million to create ISU’s second endowed deanship in the College of Business.
2003
New interdisciplinary program for a master of science and PhD in human computer interaction announced.
Entrepreneurial Learning Community announced.
2004
New engineering BS/MBA concurrent degree offered jointly with the College of Engineering.
2006
Communications Center established.
2007
Campaign Iowa State: With Pride and Purpose launched, with a $42 million goal for the College of Business
Gerdin Citizenship Program launched.
2009
PhD program welcomes its inaugural class of eight students.
Differential tuition for junior and senior busi-ness majors charged for the first time; revenue funds additional faculty positions to reduce core course sizes.
Russell and Ann Gerdin announce $1.1 million gift to support the college’s new PhD program
and other initiatives. ■
2001
Benjamin Allen chosen as ISU’s interim external affairs vice president. Labh Hira is named interim dean; the interim tag is removed the following year.
2000s
Gerdin Business Building dedicated.
Groundbreaking for the Gerdin Business Building takes place.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2120 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
2001
2004
co-majors in sustainable
agriculture and biorenewable
resources and technologies.
Correll will specialize in
supply chain management
and has an interest in using
operations research method-
ologies to envision integrated
farm and industry plans for
our state that preserve its
natural integrity, profitability
and communities.
Jing Dai earned her bachelor
of science in economics
from Shanghai Maritime
University, China. She also
completed two master of
science degrees, one in
2005 in transportation
planning and management
David Correll earned his
bachelor of science in
international relations
from George Washington
University in 2001, where
he focused on international
economics and the countries
of the former Soviet Union.
After college, Correll worked
for two years as an oil and
gas economist at the U.S.
Department of Energy in
Washington, D.C., and one
year as an analyst at a
Russia-focused oil and
gas consultancy based
in New York City.
In 2005, David arrived at
Iowa State to earn his master
of science in economics
under Dr. Mike Duffy, with
from Shanghai Maritime
University and another in
logistics from Nanyang
Technological University
in Singapore in 2007.
After graduating from
Nanyang, Dai was offered
a job with Nanyang’s
Maritime Research Centre
(MRC). She joined a research
team that was studying the
Development of an Optimum
Liner Service Network
Planning System, jointly
sponsored by the Maritime
and Port Authority of
Singapore (MPA), Pacific
International Lines (PIL) and
the MRC. Her research inter-
ests include a wide range of
quantitative and conceptual
transportation management
issues. Jing’s main focus is
on management of and
modeling for supply chains,
shipping, ports and other
The inaugural class in the College of Business’ PhD in Business and Technology pro-gram is diverse in its work experi-ence, educational background, and nationality.
DavidCorrell
Jing Dai
PhDProgram Welcomes
Inaugural Class
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2322 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
related areas. Jing already
has a number of publications
in logistics-related journals.
Jing will specialize in supply
chain management.
Youngsu Lee received
his bachelor of business
administration from Yonsei
University in Korea in 1999.
He continued graduate
study at Yonsei, focusing
on information systems and
e-commerce. After finishing
his master of business admin-
istration in 2001, he worked for
one year as a researcher for a
global electronics company,
and then seven years as a
telecom industry analyst for
an economic research and
Andy Luse earned his PhD in
human computer interaction
and computer engineering
with a minor in computer
science at Iowa State
University in spring of
2009. He is also pursuing
his MBA with a concentration
in information systems.
Luse’s research interests
are in computer and network
systems security and design,
visualization tools for com-
puter and network security
system and interface design
and usability.
Luse has worked with
faculty members Brian
Mennecke, Kevin Scheibe,
and Anthony Townsend in
the College of Business’
consulting firm in Seoul, South
Korea. As an analyst and con-
sultant, he has worked on a
number of topics, including
market and industry forecast-
ing, market analysis and
strategy, competitive
benchmarking, market
entry models, and mergers
and acquisitions. He also
has experience with the
traditional form of customer
and marketing research.
Lee will specialize in
management of information
technology and has research
interests in roles of IT
in management and
commonly IT-enabled
systems such as e-commerce
and telecom systems.
management information
systems department on
research and grants. He
has been involved with
radio frequency identification
technology, user interface
design, as well as novel
teaching methods.
Kelly Moore is a native of
Ankeny, Iowa, and attended
the University of Iowa, earning
dual undergraduate degrees,
a bachelor of business
administration in finance and
bachelor of arts in journalism
and mass communication.
She worked for the Iowa
Sports Marketing Department
during her undergraduate
tenure. Upon graduation,
The spring 2008 Prospectus described in great detail
the process involved to gain approval for the program, the
meaning of such a program to a business college, and how
the administration of a PhD program works. Since then,
It is a milestone, years in the making. This fall the College of Business finally welcomed its inaugural class of eight students into its new PhD in Business and Technology program. The PhD program is a landmark event that makes the College of Business a truly comprehensive business school.
YoungsuLee
Andy Luse
KellyMoore
PhDProgram College of Business faculty and staff have been recruiting
relentlessly in search of some of tomorrow’s finest researchers
and educators to comprise the inaugural class.
Although the new PhD program emphasizes technology,
the initial groundwork of the student recruitment process
was decidedly low-tech. PhD Program Director Sridhar
Ramaswami and assistant Deborah Martinez made contacts
with universities throughout the globe—often through phone
calls at odd hours to accommodate time differences—all with
the goal of raising awareness of the program and making contact
with prospective PhD candidates.
They also connected with many other academic departments
in other colleges at Iowa State, meeting with deans, faculty, and
staff to raise awareness of the program on campus.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2322 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
she moved to Houston,
Texas, where she worked
as an intern for the Houston
Astros Baseball Club.
Moore began her profes-
sional career with Principal
Financial Group in 2002. She
worked there for more than
three years in marketing and
group underwriting. During
this time, she earned a mas-
ter in business administration
with a sales and marketing
emphasis from Drake
University in Des Moines.
For the past year, Moore
worked as a measurement
analyst for the performance
marketing company, ITA
Group in West Des Moines.
ITA Group operates sales
incentive and employee
recognition programs, as well
as group travel events and
meetings. Her duties included
defining performance metrics
and managing financial data
for its accounts and prospec-
tive clients. She was also
responsible for managing and
executing ITA’s assessment
process, including promo-
tional and training materials.
She will specialize in
customer management.
Bhavana Padakala is from
Hyderabad, India, where she
completed her bachelor’s in
industrial engineering. She
went on to earn a master in
industrial engineering from
Iowa State University.
Padakala is interested in
research issues related to the
management of operations
and supply chain in both
manufacturing and service
environments. She would like
to do research in optimization
and inventory management,
scheduling and controlling
productions and process
operations. She has worked
for Monsanto in logistics
and supply chain positions.
Padakala enjoys participating
in the activities of various
student organizations with an
emphasis on event planning.
She will be specializing in
supply chain management.
Lishan Su earned her
bachelor of science degree in
mechanical engineering from
Fuzhou University in China
and her master of science in
Ramaswami and John Wong, associate professor of marketing,
also made international visits to universities in Asia, making
presentations about the program to faculty and students.
The program’s Web site (www.business.iastate.edu/phd) gives
prospective students thorough details about the curriculum,
journalism and mass commu-
nications from Iowa State
University. While earning her
master’s, she also completed
a minor in statistics in 2008.
Su will specialize in customer
management and is interested
in consumer research. She
has completed a study on the
impact of mass media cover-
age on consumer sentiment
using time series analysis.
Su is also interested in
the usage of new communi-
cation technologies by firms
for managing their custom-
ers. As a former business
journalist from Shanghai, she
has a passion for the media
industry and is interested in
researching issues related
to media management. ■
application process, and financial aid. Once students apply,
their applications and GMAT or GRE scores are reviewed,
and qualified candidates are invited to campus or, if the
distance prohibits a visit, Ramaswami arranges a phone
interview. He aims to find students who are the right fit
for the program and who would match up well with a
current faculty member, who would serve as a mentor.
Once the College of Business PhD committee approves
a student’s application, and the student accepts the offer,
the college works with the student to make any necessary
arrangements, which may include housing, travel, and
working through visa issues.
From there, the journey to a PhD in Business and
Technology begins. ■
BhavanaPadakala
LishanSu
The College of Business made contacts with universities throughout the globe to raise awareness of the program and make contact with prospective PhD candidates.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2524 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
Minds
In their home on a tree-lined
street near the Iowa State Center,
Mary Voorhees pages through her late
husband’s memoir, written not for pub-
lication but, in his words, “to set down
some memories that might be of interest
to our family and reflect information
that otherwise could die with me.”
The memoir reflects the man:
straightforward and utterly lacking
affectation, the life of an ordinary man
who, like so many of his generation,
did extraordinary things, despite his
desire to live simply as an Iowa farmer.
Mary Voorhees turns from the volume
An Appreciation of Dale Voorhees&Hearts
He piloted 55 missions in World War II without losing a man to injury or death, so he never won the Purple Heart.
He mentored hundreds of students, published dozens of papers, and became a full professor at a leading university— but he never earned a PhD.
to share something her husband would
probably have kept to himself.
“No one ever got the Purple Heart
on a mission with him,” she reminds.
“So every time a colonel or general
came to do their mandatory run, they
wanted to fly with Voorhees.”
A S E A R I N G M E M O RY
Roy Dale Voorhees was born near
his parents’ southeastern Iowa farm on
March 21, 1921. His father raised corn
and oats, as well as hogs, cattle and
chickens, which afforded the family
a modest but secure living.
All that ended 11 years later when,
in the depths of the Great Depression,
the family lost the farm. Loading their
worldly goods onto a horse-drawn wagon
for the eight-mile journey to a rented
farmstead, the experience was burned
into the young boy’s memory.
“I looked back up that road and swore
that I’d come back and buy that farm if it
was the last thing I ever did,” Voorhees
wrote. “I felt humiliated, and I don’t
think I have ever gotten over that feeling
and have never forgotten that day.”
Voorhees’ parents struggled through
the Depression, moving several times
from one place to another. But by 1939,
they got back on their feet enough to
send their son to the University of
Iowa. On a visit home, though, he fell
in love with Mary Peck, and enrolled in
the local community college to be near
his future wife.
Yet the war would enforce a greater
separation. On December 8, 1941—
one day after Pearl Harbor—Voorhees
reported for his preinduction physical,
and soon began basic training, followed
by flight school. Married in September
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2524 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
1942, the young couple would enjoy
life together as he trained pilots until
May 1943, when Voorhees left for
England and the war.
A S E L F - M A D E S C H O L A R
After the war, Voorhees finished
his bachelor’s degree at Georgetown
University, then earned an MBA from
George Washington University while
assigned to the Department of
Defense in the late 1960s. The military,
however, would provide Dale Voorhees’
“PhD” program.
“Dale had no PhD,” notes Raisbeck
Endowed Dean Labh Hira. “But one thing
our military knows is logistics, and he
brought that experience to the college.”
Indeed, it was just that expertise that
in 1971 inspired Dr. William
Thompson, chair of the industrial
administration department, to turn to
the Pentagon for someone to take Iowa
State’s fledgling program to a higher
level. That a military candidate was
unlikely to have a PhD seemed, at the
time, a reasonable trade-off.
“A master’s degree allowed them to
teach back then, but they couldn’t
advance very far,” Thompson recalls,
adding: “Of course, he was an excep-
tion to that.”
Thompson’s remark is an exercise in
understatement: this unassuming, aca-
demically “uncredentialed” farmer-
turned-war hero would become a leader
in transportation and logistics, trans-
forming an academic backwater into
one of the nation’s premier programs.
By his 1991 retirement, Voorhees had
accomplished in 20 years more than
most academics could achieve in 40.
“In my military days, an enlisted per-
son who rose through the ranks to officer
was called a ‘mustang’,” recalls Charles
Handy, the college’s founding dean. “Dale
achieved much of his academic training
through ‘the college of hard knocks’ as
opposed to graduate study. I thought of
him as an academic ‘mustang’.”
T H E P L E A S U R E
O F H I S C O M PA N Y
Yet despite his professional accom-
plishments, it is for his personal gener-
osity as a teacher and colleague that
Voorhees will best be remembered. “He
was beloved by many,” Associate Dean
Kay Palan states simply.
“A true gentleman, a true scholar,
and a true friend,” adds Associate Dean
Mike Crum. “He’s already missed, and
will be missed only more in the future.”
Former dean Ben Allen, now presi-
dent of the University of Northern Iowa,
acknowledges Voorhees’ professional
accomplishments, recognized today
by the annual Voorhees Supply Chain
Conference. But the simpler pleasures
of having Voorhees as a friend and col-
league, he says, were equally important.
“We often traveled together to St.
Paul to meet with people in the barge
industry,” Allen remembers. “Dale
always arranged for us to take a
break in our travels and stop by
the Mississippi, enjoy the view of
the barges, discuss our goals for the
meetings, and enjoy some cheese,
bread freshly baked by Mary, and a
glass of good wine.
“We enjoyed each other’s company
tremendously,” he adds.
A N E N D U R I N G L E G A C Y
Dale Voorhees departed on his final
mission May 24, 2009.
A man who simply wanted to farm,
he was true to his word as a boy, and in
later years bought the farm his family
lost in the Depression. And though he
never worked the land himself, the
work he put his hand to—from fighting
for the freedom of millions to educating
a new generation—will endure as the
land endures.
He was a scholar who never earned
the PhD, yet whose learning made a last-
ing mark on the minds of his students;
an airman who never won the Purple
Heart, but whose life touched the hearts
of his family, friends, and colleagues.
Not just colonels and generals, Mary
would remind you, but these as well—
they all “wanted to fly with Voorhees.”
They all did. ■
“ Every time a colonel or general came to do their mandatory run, they wanted to fly with Voorhees.” M A RY V O O R H E E S
“ In my military days, an enlisted person who rose through the ranks to officer was called a ‘mustang.’ I thought of him as an academic ‘mustang’.” C H A R L E S H A N D Y
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2726 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
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Denise Essman (‘73 Industrial
Administration) is the president and CEO of Essman/Associates and Essman/Research. For the ninth consecutive year, Essman/Research has been recognized as a top-rated research focus facility by Impulse Research Corporation, an interna-tional research firm.
Bruce Hamilton (‘73 Industrial
Administration) is celebrating twenty successful years of his firm, Hamilton CPA, LLC, serving clients in Janesville, Wisconsin. Hamilton is a past director of the Iowa State University Alumni Association.
Jeanne (Payton) Eibes (’76 Industrial
Administration) is director of billing operations for CSG Systems, Inc., in Omaha, Nebraska. Eibes is also presi-dent of the Carter Lake Preservation Society, a nonprofit organization she helped establish for the purpose of preserving and restoring the Oxbow Lake, located just north of downtown Omaha. The all-volunteer organization was recognized this April by Earth Day Omaha as a “Friend of the Environment” for its five years of effort in attracting attention and government funding to improve the watershed and make the lake a better place to play.
1980s
Corey Bard (’86 Management) gradu-ated from Dominican University in River Forest, Illinois, in May 2008 with a mas-ter in library and information science. He had worked since 2000 for the
Theosophical Society in America as assistant operations manager for its publishing house, Quest Books, and then as library assistant and librarian for the Henry S. Olcott Memorial Library, also at the Theosophical Society. Prior to his master’s, he also completed a library technical assistant certificate from College of DuPage in Glen Ellyn, Illinois. He was named director of Curry Public Library in Gold Beach, Oregon, in November 2008.
Kevin Grieve (’86 Finance) is the CEO of venture-funded company Mocapay, a mobile commerce platform that pro-vides mobile marketing and payments for issuers of merchant-branded gift and loyalty cards.
1990s
Scott Brugh (‘99 Marketing) operates his own business, Arizona Elevator Solutions in Scottsdale, Arizona. He had spent eight years working for KONE, Inc., an elevator company based in the Quad Cities.
2000s
Stephanie DeVore Cruzen (‘02 LOMIS)
lives in West Des Moines, Iowa, and works for Pioneer. Prior to that, she spent six years at TMC Transportation after graduation. She married Chad Cruzen (’02 Transportation and Logistics) in 2008.
Katherine Hallenbeck (‘02 Finance and
Management Information Systems)
completed her MBA from DePaul University in Chicago, Illinois, in fall 2008.
Her coursework was focused on finance and leadership/change management.
Orion Bashkiroff (‘03 Management) has recently been hired by URS Corporation as a renewable energy project manager.
Noel Friedl (‘05 Finance) is currently living in Fremont, California, working as a banking analyst for Wells Fargo in fraud prevention.
Nick Dell (‘06 Finance) joined MetLife in West Des Moines, Iowa, and is currently an accountant and has obtained several industry designa-tions. In addition, he continues his part-time seasonal employment with Seven Oaks in Boone, Iowa, as a snowboard instructor and working with management for special events. Dell also started his own business organizing ski and snowboard events such as the Des Moines Rail Jam.
Michael Goellner (‘06 Management
Information Systems) works for UPS as a contractor through a company called TekSystems in Louisville, Kentucky. After graduation, he worked for Hy-Vee’s corporate office as a programmer analyst. In October 2008 he was married to Jeniece (Bergman) Goellner (’08 Dairy Science).
Ashlee Kvidera Ellis (‘07 Marketing) is working at the University of Minnesota Carlson School of Business as the assistant director of annual giving. In May 2009, she married Matthew Ellis (‘06 Electrical Engineering).
Abdulaziz Alsaffar (‘08 Management
Information Systems) is a business analyst at the National Bank of Kuwait. He is a member of the team that manages the largest consumer credit portfolio in Kuwait, representing
over 50 percent of its market share. ■
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IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2726 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
The College of Business will honor four Iowa State alumni at
this fall’s Homecoming Awards
on October 16. Two will receivethe Citation of Achievement Award, which honors
distinguished alumni who have demonstrated
outstanding achievement in life beyond the campus.
One will receive the John D. DeVries Service Award,
recognizing an individual who has demonstrated
outstanding service to the college.
This year, the College of Business established
the Russ and Ann Gerdin Award, given to valuable
corporate partners or successful individuals who
are not College of Business graduates. The Gerdins,
neither of which attended Iowa State, made a
$10 million lead gift in 1998 that helped build
the Gerdin Business Building.
C I TAT I O N O F A C H I E V E M E N T H O N O R E E S
Donna Johnson Fuller, CPA (‘68 Industrial Administration) is the retired
chief financial officer at Pacific
Gas & Electric Co. in San Francisco,
California. She was the only female
accounting student in her class at Iowa State,
and in 1980 became the first woman ever to be
promoted to manager at Pacific. Fuller retired
in 1993 and is also a longtime exhibitor, breeder,
and judge of pedigreed cats. She has taken home
numerous awards and served as a judge of cat
shows around the world.
Craig E. Hansen (‘80 Industrial Administration) is a senior vice
president and treasurer with Holmes
Murphy & Associates, an independent
risk management and insurance
brokerage firm in West Des Moines, Iowa, insuring
major construction clients. Hansen works with fac-
ulty in the College of Engineering and visits campus
annually to speak to freshmen engineering students.
He and his wife, Judith Ralston-Hansen (’80
Sociology), are also philanthropic supporters, includ-
ing a recent estate gift to endow two scholarships.
R U S S A N D A N N G E R D I N A W A R D H O N O R E E
William A. Goodwin (‘59 Industrial Engineering) is president of Cerro
Gordo Land Co. in Des Moines, Iowa.
He is a longtime member of the Dean’s
Advisory Council and with his wife,
Elizabeth, provided philanthropic support to create
two faculty fellowships. Both are impressive
commitments for someone who graduated from
a different college at Iowa State. Goodwin also
earned an MBA from Stanford University in 1965
and spent many years as a U.S. Naval officer.
J O H N D . D E V R I E S S E R V I C E A W A R D H O N O R E E
James Frein (’67 Industrial Administration) is the retired vice
chairman of the board of Hutchinson,
Shockey, Erley, and Co., a law firm in
Vail, Colorado. He is a member of the
Dean’s Advisory Council, and he and his wife Ann
(’66 Mathematics) serve on the College of Business
Campaign Iowa State Development Committee.
They are also the benefactors of the Harry L. Shadle
Endowed Scholarship and the Harry L. Shadle
Faculty Development Fund, named for a faculty
member who impacted Frein. He also earned an
MBA from Loyola University Chicago in 1971. ■
College Bestows Annual AwardsAL
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Andrew Hensen (’96 Marketing) and his wife Kari (’96 Sociology, ’98 MS Higher Ed, ’05 PhD Ed Leadership and Pol Studs) are recipients of the 2009 Outstanding Young Alumni Award, given by the ISU Alumni Association to recognize alumni age 40 and under who have excelled in their professions and provided service to their communities. Hensen is an asso-ciate vice president and financial consultant with RBC Wealth Management in Clive, Iowa.
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2928 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 2928 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
New Faculty and StaffJames Brown,
assistant professor of finance. Brown earned his PhD in economics from Washington
University in St. Louis, Missouri, and was formerly an assistant professor at Montana State University in Bozeman, Montana.
David Cantor, assistant professor of supply chain management and information sys-tems. He received his
PhD from the University of Maryland at College Park. Cantor’s research interests are focused on supply chain management and information systems.
Terry Childers, Dean’s Chair in Marketing and professor of market-ing. Childers was previously the Gatton
Endowed Chair in Electronic Marketing in the Gatton College of Business and Economics at the University of Kentucky. He was also the director of Gatton’s Von Allmen Center for E Commerce and director of the Advertising and Interactive Marketing (AIM) Research Laboratory. Prior to the University of Kentucky, Childers was a professor of marketing at the University of Minnesota. Childers has a PhD in marketing from the University of Wisconsin-Madison.
Samantha Cross,
assistant professor of management. Cross earned her PhD in management from the
University of California. Her research interests include the impact of diver-sity on decision-making, consumption and innovation, with a focus on cultur-ally diverse households and immigrant consumer behavior.
Jessica Haskins,
undergraduate aca-demic adviser. She is a first-year master of science student in the
educational leadership and policy stu-dents program in the College of Human Sciences, focusing on student affairs. Haskins earned her bachelor of science from Florida State University.
Qing Hu, department chair of logistics, operations, and man-agement information systems and professor
of management information systems. Hu was previously the chair of the department of information technology and operations management and a professor of information systems at Florida Atlantic University in Boca Raton, Florida. He earned his PhD in computer information systems from the University of Miami, Florida.
Brandon Kennedy,
undergraduate aca-demic adviser. He is earning a concurrent degree with a BS in
mechanical engineering and an MBA. Kennedy interned in supply chain management at John Deere Power Systems in summer 2009.
Jon Perkins, assistant professor of account-ing. He previously taught at Florida State University and the
University of Illinois Urbana-Champaign. Perkins earned his JD from the University of Missouri in 1995 and his PhD in accountancy from the University of Illinois at Urbana-Champaign in 2003.
Nate Pettitt, under-graduate academic adviser. He is a full-time MBA student at Iowa State. He earned
his bachelor’s degree with a double major in accounting and finance at Colorado State University.
Katie Raymon, (’07 Art and Design), graphic designer. Katie was previously employed with Yellowbook as its
e-learning specialist.
Valentina Salotti,
assistant professor of finance. Salotti earned her PhD in finance from the University of
Bologna, Italy. She started as a visiting scholar and lecturer in finance in the College of Business.
FAC
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Sarah Van Vark,
career coordinator. Van Vark was previ-ously employed with ING as a staffing con-
sultant. She earned her BA in busi-ness management and human resources from Central College in Pella, Iowa, in 2002.
Qian Wang, assistant professor of account-ing. Wang received her PhD in accounting at University of Kansas
in 2009, where she received the Best Doctoral Dissertation Award. She
earned her bachelor’s and master’s degrees from Wuhan University.
Kevin Watson, assis-tant professor of oper-ations management. He earned his PhD in operations manage-
ment from the University of Georgia. Watson has published a number of articles in leading academic journals and has worked on research projects sponsored by the U.S. Navy, NASA, and the Veterans Administration.
Robert White, assistant professor of management. White earned his PhD
from the W.P. Carey School of Business at Arizona State University. He is a member of the
Academy of Management and the Strategic Management Society.
Sarah Wilson (‘04 Family and Consumer Sciences Education, ‘06 M.Ed) classification officer. Wilson was
previously an academic professional adviser at South Central Community
College in Mankato, Minnesota. ■
The Iowa Small Business Development
Centers were presented with the District Director’s Award for Outstanding Contributions to Disaster Recovery in Iowa by the Des Moines district of the U.S. Small Business Administration at a conference in May. The centers’ efforts, chronicled in the spring 2009 Prospectus, helped hundreds of businesses through the recovery process from the 2008 tornadoes and floods that struck Iowa.
Scott Elston was selected to serve as the full-time coordinator for a new introduction to business course,
which is the first course that pre- business students take in the College of Business. The revised course will be launched in spring 2010. Elston will be responsible for the content and teaching of the course.
Diane Janvrin received promotion to associate professor with tenure in the department of accounting.
Kay Palan, associate dean for undergraduate programs and associ-ate professor of market-ing, was awarded the
Louis Thompson Distinguished Undergraduate Teacher Award at the 2008-2009 University Awards.
Mark Peterson has been elected to a two-year term on the board of directors of MBA Career Services
Council, the global professional associ-ation for MBA career services and cor-porate recruitment professionals. The organization also manages the employ-ment statistics reporting standards used by the major MBA program rank-ing organizations and media.
Kevin Scheibe
received promotion to associate professor with tenure in the department of logis-
tics, operations and management information systems.
Howard Van Auken, Bob and Kay Smith Fellow in Entrepreneurship was named a University
Professor of management. He was also awarded the Louis Thompson Distinguished Undergraduate Teacher Award at the 2008-2009 University Awards.
The 2009 Annual College of Business
Faculty and Staff Awards Ceremony
was held in April. Honorees included:
Ann Coppernoll, director of under-graduate programs. P&S Student Impact Award.
Stephen Kim, Dean’s Faculty Fellowship in Marketing and associate professor of marketing. Senior Faculty Research Award.
Russ Laczniak, Heggen Faculty Fellow in Marketing and professor of marketing. Senior Faculty Teaching Award.
Burt Porter, assistant professor of finance. Junior Faculty Teaching Award.
Tammy Stegman, career coordinator. P&S Superior Service Award.
Amrit Tiwana, Union Pacific Professorship in Information Systems and associate professor of manage-ment information systems. Junior Faculty Research Award.
Pat Wagaman, secretary, department of accounting. Merit Superior
Service Award. ■
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IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 3130 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
F A C U LT Y A N D S TA F F H O N O R S
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 3130 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
As I travel the country visiting with our donors, it goes with-
out saying that the uncertain
economy is a major concern for everyone. But through this uncertainty, there is
one constant: their unwavering commitment
and passion for Iowa State University.
Donors contributed over $127 million to
Iowa State in the 2008-2009 academic year,
which represents the third best fundraising
year in the university’s history. The College of
Business raised more than $7 million in donor
contributions. It truly is humbling to see the
dedication of our donors, ensuring that the
educational opportunities for our students
are not sacrificed to a tough economy.
In the last Prospectus, I provided information
on charitable gift annuities, an increasingly
popular way donors are supporting charities
while receiving personal income over a lifetime.
In the third of a four-part series, I am going to
discuss how donors are supporting the College
of Business through gifts of real estate.
Through the Iowa State University
Foundation, the College of Business can benefit
when a donor wishes to make a gift of real estate:
a primary home, vacation home, farm, a building
which once housed a business, or other property.
The ISU Foundation generally sells the real estate
as quickly as possible so that our students and
faculty can benefit immediately from this gift.
Some donors have used real estate to fund a
Charitable Remainder Unitrust at the ISU
Foundation with a remainder beneficiary
designation to support the College of Business.
For information on making a gift of real estate,
I recommend a brochure titled, “Gifts of Real
Estate: Unlocking the Financial Benefits.” To
receive your complimentary copy
from the ISU Foundation, please call
800 621-8515 or simply return the
reply card on the inside back cover
of this magazine.
John (’56 Industrial admin-
istration) and Ruth (’56 Family
and Consumer Sciences) Sherman of Onalaska,
Wisconsin, recently made a provision in their
estate plans to support the university with a
retained real estate gift. As part of the gift, the
Shermans will maintain ownership of their winter
home in Arizona, and upon their passing it will
then be sold by the ISU Foundation to support
student scholarships in the College of Business.
The Shermans are very proud of their ISU experi-
ences and look forward to one day supporting
business students who may have career interests
in manufacturing management and are succeeding
academically at Iowa State.
“Iowa State University means so much to Ruth
and I, and this gift is the least that we can do to
say thank you,” John said. “We hope that this gift
will allow future business students to receive an
outstanding business education at Iowa State.”
A real estate gift is a wonderful way to support the
college during Campaign Iowa State. I hope that you
consider this type of asset or other
gifting opportunities as you fulfill
your philanthropic dreams. Thank
you to the Shermans and the hun-
dreds of other donors who have
supported the campaign to date. ■
Jeremy Galvin is the senior director
of development for the College of
Business. He can be reached toll free
at 866 419-6768 or by e-mail at
Making a Gift Through Real Estate
John and Ruth
Sherman recently
made a provi-
sion in their
estate plans for
a retained real
estate gift.
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Annual Support for the College of BusinessThe College of Business would like to thank our treasured alumni, friends,
and corporate and foundation partners
for their cash contributions during the academic year beginning July 1, 2008, and ending June 30,
2009. Their contributions demonstrate a commitment to
ensuring that our students and faculty have the resources
to grow in an increasingly competitive marketplace.
Many additional donors have supported the College of
Business during 2008-2009 and requested confidentiality for
their gifts. Those gifts are not listed here. If you prefer your
name not be published, please contact the ISU Foundation
Alumni Records department at 515 294-4656 or
For more information on how you or your company
can support the College of Business, contact Jeremy Galvin,
senior director of development, at 866 419-6768 or
$ 1 , 0 0 0 , 0 0 0 A N D A B O V EDavid and Ellen Raisbeck
$ 2 5 0 , 0 0 0 - $ 9 9 9 , 9 9 9Russell and Ann GerdinJohn and Mary Pappajohn
$ 1 0 0 , 0 0 0 - $ 2 4 9 , 9 9 9Kelley and Joan Bergstrom C. Dean and Sandra Carlson Mark and Terri Walker
$ 5 0 , 0 0 0 - $ 9 9 , 9 9 9Robert CoxWilliam and Elizabeth Goodwin Richard and Carol Jurgens John and Connie Stafford
$ 2 5 , 0 0 0 - $ 4 9 , 9 9 9David and Margaret Drury David and Deb Kingland Gerald and Margaret Pint
Stephen and Rebecca Smith William Varner
$ 1 0 , 0 0 0 - $ 2 4 , 9 9 9Miles and Catherine BarkerJerald and Cindy Dittmer Ralph and Jean Eucher Mark and Pamela Fisher William Kalm and Raedene Keeton-Kalm Timothy and Karen O’Donovan Smith Family Foundation Robert and Virginia StaffordJill Wagner
$ 5 , 0 0 0 - $ 9 , 9 9 9Gregory and Terri Churchill G. Steven and Phyllis Dapper B. Michael and Marcia Doran Joseph and Diana Elwell James and Ann Frein Dan and Joan Houston
John and Rebecca Hsu J. Scott Johnson and Julia Lawler-Johnson Madolyn Johnson Roger Murphy Suku and Mary Radia Susan and Al Ravenscroft Tom and Ann Rice Randal Richardson Steven and Rose Ann Schuler Troy Senter Karen Terpstra James Victor Donald and Patricia Wolfe
$ 2 , 5 0 0 - $ 4 , 9 9 9James Auen Keith and Sheri Bandle Mark and Julie Blake Michael Bootsma Marvin and Vicki Bouillon Jamie Constantine Nancy Dittmer John and Wendy Duston Denise Essman William and Gloria Galloway Charles Handy Cara and Kurt Heiden Lorene Hoover James and Virginia Owens Christopher and Sondra Paskach Robert Probasco Frank and Juliane Ross Duane and Alpha Sandage
$ 1 0 0 0 - $ 2 , 4 9 9Gail and Janeen Boliver Winton and Gail Boyd Mary Butkus Frederick and Veronica Dark John and Ruth DeVries David and Kathleen Ecklund Jan Feller David and Cynthia Finch Beth Ford Peter and Luann Gilman George and Pauline Grovert David and Nancy Halfpap John and Joanna Hamilton
Dermot and Caroline Hayes Thomas and Ellen Howe Michael and Deanna Hummel Daniel and Sharon Krieger Gregory and Joyce Kveton Bruce and Julie Lambert Eugene and Janet Larson Craig and Beth Marrs Robert and Judith McLaughlin John Mertes Mark and Laurie Miller Thomas Mueller and Sheryl Sunderman Thomas and Janet Nugent Craig and Virginia Petermeier Brian and Patti Plath Joanne Reeves Brenda Richmann Larry Scott Javier Seymore Daniel and Jill Stevenson Mark Stoering and Deanna Elliott-Stoering Gary and Susan Streit John and Jennifer Streit Robert and Jane Sturgeon Scott Taylor Kenneth and Janet Thome Scott and Judith Wilgenbusch Kimberlee Wright Eric Zarnikow
$ 5 0 0 - $ 9 9 9William and Susan Adams Eric Almquist Lynn and Diane Anderson Scott and Kathryn Anderson Roger and Janet Arnold Belinda Bathie Keith and Amy Bruening Edwin and Diane Bruere Douglas and Joan Carlson Michael and Mary Ann Carlson Richard Carlson Frank and Kathy Comito John and Katie Culliton Ajay and Priya Desai Antonio and Lisa Dias
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IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 3332 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
Howard and Dee Dicke David and Jane Dirks Paul and Joyce Dostart Joel and Kristie Elmquist Don and Linabelle Finnegan Alexandra Goddard Winifred Guthrie Craig and Cheryl Hart Bob and Janet Jennings Brian and Lynette Jennings Calvin and Christine Johnson Sheryl Johnson Lawrence and Carole Kerr Hubert and Judith Lattan Jon and Sharyl Leinen Joel and Karen Longtin Randal Miller Michael and Beverly Moeller Thomas Mumford Gloria Ohlendorf Erik and Deborah Oiler Gary and Trudy Peterson Dave and Robyn Reuter David Safris Raymond and Mary Scheve Cameron and Cassie Schmitt Allen Schrad Neil Schraeder and Ruth Ward-Schraeder Michael Shepherd Mark and Rachel Siegel Bruce and Dana Snethen Kevin and Gabrielle Steffensmeier Brian and Marcy Streich Valerie Vasquez Jonathan and Gail Ware William and Melinda Watt Greg and Amy Whittemore
$ 2 5 0 - $ 4 9 9David and Susan Bolte Keith and Larabeth Bader Gary Brandt Jeffrey and Judith Brower Thomas and Jill Catus John and Lori Chesser James and Jane Corkery Jeffrey and Elizabeth Cosner Christina Davis Robert Donahue
Nancy Dop Michael Drake Jeffrey and Jane Eagan Geoffrey and Maureen Eastburn Kenneth and Laurie Eastman Louis and Lois Glover Marvin and Crystal Gordon Christine Grisham Loren and Linda Gustafson John and Nancy Halleland Patrick and Debra Hammes Jay and Kim Hardeman Gregory Harper Chris and Lori Harvey Jeffrey and Cynthia Heemstra G. Stephen Holaday Blake Howard Douglas Irwin Carol Jensen Gregory and Sharon Kaczmarek Constance Krelle Venkat Krishnan Russ and Kathleen Laczniak Chris and Teresa Lapinskie Jeffery and Sheila Lara Paul and M. Ann Larson Michael and Connie Maloney Marsha McCall Edward Meissner Barbara Miller Michael and Beth Mohar John and Mindy Nelson Michael Nickey Robert Nurre Eric and Pamela Olson Richard and Marilyn Patterson Paul Pence and Gaye Gipson Gregory and Haydee Penn Janet Quick John and Kathleen Ransom Bruce and Luann Rickert Shawn and Christine Rourick Naomi Sage James and Julie Schnoebelen Warren and Jennifer Schultz Carol Scott Ralph Scott James and Julie Snyder Larry Sporrer
$ 1 0 0 - $ 2 4 9Steven AhlersClinton Allen Linda Armbruster James and Gwendolyn Arndorfer Rick and Sonia Arnold Keith and Denise Axtell George Ayres Jerald Ball Rick Barnes and Pamela Kopriva-Barnes James and Betty Barney Walter and Heidi Baskin Russell and Paula Beecher Wayne and Merita Bergstrom Joel and Kyla Berkland Matthew Berry Peggy Bieber Nicholas and Krisha Birdsall Lee and Deborah Boege Karen Boriskey Roger Bower Allan and F. Joy Boyken James Breitenkamp Branigha Brewer Barbara Brooks Larry and Marcia Brown Matthew and Melinda Brown Richard and Mildred Brown Alan Brown Richard Brus Jeffrey Bunkofske Brian and Susan Carstens Keith Carter Richard and Elizabeth Carter Barry and Daria Chesnut Charles Clayton Sherri Coffelt Evron Colhoun Ronald and Pam Collison Gregory and Jeanette Corum Darrin and Margaret Coy Bryan and Lisa Cusworth John and Barbara Dalhoff Charles and Betty Dalton Duane Dawson David and Amy De Jong Michael and Jill DeLio Chad and Andrea Diaz Joseph Dillavou
Joel Dodgen Stephen and Laura Doerfler Marsha Dorhout Joseph and Angela DuBois Michael Egan Allen and Julie Eilers Todd and Kelly Elliott Jim and Lisa Engstrom David Evans Craig and Deborah Fear Dustin and Elizabeth Ferreira Larry and Jackie Fie Christopher and Angela Fisher Dennis and Kristen Flieder Laura Fredrickson Thomas and Jenny Gallagher Jennifer Garrels Samara Garton Peter and Marian Gehrls Michael and Eden Gens Tracy Gerlach Elizabeth Gildea David and Nancy Gion Vincent and Lynn Gitch Ryan Glanzer Michael and Angela Glasgow Patrick and Jennifer Glover Gary and Sharon Godbersen Rhonda Golden Larry and Mary Grant Paul and Gina Greene William and Lisa Gregerson Jeffery and Tracy Hadden Richard Hansen Robert Hanser Scott and Karole Hanson Ryan Harnack David and Kay Harpole Jeff and Kristan Hartsook Christopher Hassebroek Jeff Hawkins Owen Hayes Richard and Karyl Hayes Tamara Hegel Thomas and Lisa Hemesath Jay and Kathleen Hempe Randall and Annette Hendrickson Terry and Gwen Henricksen Steven and Melinda Heutinck Stephanie Hilbert
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 3332 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 3534 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
Annual Support for the College of Business/continuedQuinn and Katy Hildman David and Barbara Hiserodt John Hofmeyer Ted and Eleanor Hollander Chris and Beth Homeister Allen Horn Douglas and Angela Houlahan Gayle Huck Richard and Denise Hucka Paul and Nancy Jacobsen Elwood and Susan Johnson Neil and Judith Johnson David and Meghan Jones Ryan and Pamela Jones James Jorgensen Kevin and Mary Jo Judd Korlin Kazimour Karen Kesl Susan Kesting Gary and Maurene Kleven
Barry and Nancy Knudsen James Koopman Robert Kossow Douglas and Cynthia Krage Michael and Suzette Kragenbrink Michael and Angela Krieger John and Christina Kronkaitis Mark Kuchel Curtis and Patricia Lack Scott and Theresa Lage Louis Lam and Daisy Tang William and Mary Lanphere Perry and Mary Laures Robert Lavender Jon and Shirley Leinen Valdean and Lois Lembke Ann Leonard Tracy Lewis Robert and Mildred Long Chris Lonowski
Kit-Weng Loo and Li Soo Brad Lorenger Tom and Nancy Macklin Walter Maehr F. Dennis and Jeannie Malatesta John Manternach Dale and Linda Martin James and Jean Martin John Martinez Richard and Mary Masching Latoya Massonburg Todd May Gary and Peggy McConnell Stephen McElhiney Douglas McKechnie Matt and Sherri McKenna Brent McVay John and Romona Meneough Jeffery and Lisa Merry Brian and Diane Messer
Theodore Meyers Michael and Barb Mickelson Amy Miller Robert Millett David and Angela Moench Diane Moore Jeffrey Moyers Marc and Angela Nabbefeldt Brian Nelson Christopher and Wendy Nelson Mark and Catherine Nelson Robert and Sheila Nelson Scott and Brenda Niblo Matthew Nimmer Thomas and Judith Noden Robert Ogg Joseph Ogrin Nancy O’Hallen David Olson Jim Olson
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On April 24, 2009, the College of Business dedicated the David
and Deb Kingland Logistics,
Operations, and Management Information Systems Suite in the Gerdin Business
Building, in honor of the Kinglands’ naming gift.
David is a 1980 industrial administration
graduate and the president and chief executive
officer of Kingland Systems, a technology ser-
vices and outsourcing firm based in Clear Lake,
Iowa, with facilities in Ames and Lake Mills.
He founded the firm in 1992 to help national
banks enter the retail brokerage business by
providing compliance and trading systems to
support geographically dispersed operations.
His career began in the brokerage business with
Edward Jones and Company. Eventually he
founded Kingland Capital, which pioneered
the bank-based full service retail brokerage
business model.
“As an alumnus of our program, we are
very proud of David’s success,” said Labh Hira,
Raisbeck Endowed Dean. Kingland Systems has
been a great friend to Iowa State and likewise, the
Kinglands have been great friends of our college.”
Kingland is a longtime supporter of Iowa State
University and is heavily involved with the
College of Business and ISU Pappajohn Center
for Entrepreneurship.
Deb is also a 1980 graduate with a degree
in child development. She works at Kingland
Systems as an administrative assistant. The
Kinglands live in Clear Lake. ■
Kinglands Name LOMIS Suite
DAVID KINGLAND
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IOWA STATE UNIVERSITY ■ COLLEGE OF BUSINESS ■ PROSPECTUS 3534 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
Mark Olthoff Jeff and Debra Oltmann Karen Otto Renee Otto Jeffrey and Cynthia Pattison Curtis Peerenboom Scott Pfeifer James and Renee Phelps Alice Pollard Carolyn PortnerRobert and Christine Prell Nathaniel and Aminta Price Phillip and Andrea Price Anthony and Wanda Przymus Al and Janet Quattrocchi Douglas and Tina Ragaller Paul and Janet Rath Matt and Andrea Reynolds Robert and Elisabeth Reynoldson R. Michael Riddle Davin Roberts Allan and Diane Roderick Jeffrey and Bonnie Roe Margot Rogers Jeffrey Roskam Carl Russell Jennifer Santelli George and Marcia Schaller Jeffery and Malinda Schirm Joseph and Maggie Schnepf William and Darlene Schwickerath Gerald and Rosemary Sewick Larry and Dorothy Shima Karen Shimp Tim and Kimberly Sieck Warren and Susan Simons Robert and Shawn Simonsen Daniel and Rose Marie Smith Ross and Lisa Smith Tongtong Song and Liangping Yu Michael and Julia Sorden Mark Sorenson Scott Soth Thomas Stahl Ernest and Pauline Stark Steve and Pamela Stark Neal Steffenson Lon and Jodi Steger William and Marcia Steil Mark Steward
$ 5 0 0 , 0 0 0 A N D A B O V EAEGON
$ 5 0 , 0 0 0 - $ 9 9 , 9 9 9Caterpillar FoundationGeneral Mills FoundationTransamerica Life Insurance Union Pacific Wells Fargo
$ 1 0 , 0 0 0 - $ 2 4 , 9 9 9BoeingJacobson CompaniesPioneer Hi-BredPrincipal Financial Group FoundationJohn Deere Foundation
$ 5 , 0 0 0 - $ 9 , 9 9 9Deloitte FoundationRockwell CollinsTyco Electronics
$ 2 , 5 0 0 - $ 4 , 9 9 9CargillKPMG FoundationNorthwestern Mutual Foundation
$ 1 , 0 0 0 - $ 2 , 4 9 9Accenture Foundation Auto-Owners CorporationBarr-Nunn TransportationCerner CorporationExxonMobil FoundationFederated Insurance CompanyFirst National Bank AmesH & R Block FoundationHSBC North AmericaInternational Flavors & Fragrances Maverick Software ConsultingSevde Self StorageWachovia FoundationXcel Energy
$ 5 0 0 - $ 9 9 9Capital Group Companies Charitable FoundationCDS GlobalMeredith Corp FoundationMerrill Lynch Oklahoma Gas & Electric CompanyTCF FoundationWellmark Blue Cross & Blue Shield
$ 2 5 0 - $ 4 9 9A & B FoundationAlcoa FoundationAon CorporationGraingerLadue Family DentalPepsico Foundation SC Johnson Fund VerizonWalt Disney Company Foundation
$ 1 0 0 - $ 2 4 9Anheuser Busch FoundationAviva Charitable FoundationColhoun & Thompson Agency Eli Lilly and Company FoundationFBL Financial Group General Electric FundIBM CorporationMidAmerican Energy FoundationNRG EnergyOracle CorporationRick Barnes Insurance AgencyRaytheon CompanySprint FoundationU.S. Bancorp FoundationWhirlpool Foundation ■
Samuel and Margaret Strotman Cristina Strudthoff Jeffrey Symons Martin and Susan Tendler Joel and Adrienne Tetreault William and Carol Thatcher Brian Thelen Lawrence Thompson Virginia Thompson James Thoreen Steven and Susan Tollefson Edward and Marcia Trainor Jason and Danielle Trumbauer Richard Van Allen Drew and Jean Vogel Jason and Jill Vote Suzanne Waller Daniel and Janice Walter Matthew and Jennifer Weber Russell Weeden Connie Weems-Scott Richard and Sandy Wellman Daniel and Carol Werner Michael and Shara Wessel Richard West Robert and Cynthia Wetherbee Thomas and Lisa Whitten David Willis Darren Wilson and Cheryl McNeill Steven Wilson Tom Wilson Larry and Christy Wirth Charles and Patricia Wise James and Sarah Woerdeman Michael Woods Darrell and Lianne Wright Lynn Yates
step in developing a quality, high-demand
undergraduate program.
At the graduate level, the school inherited
an MS in business administrative sciences. As
a means of further development, the framework
of a master of business administration was
structured in 1983. After approval by the
Board of Regents, the program became a
reality in 1985.
In addition to curriculum growth, the school
brought about an increase in both student body
size and the number of tenure-track faculty. In
1982 an outside consultant, Dean Clifford
Larson of the University of Wisconsin-Oshkosh,
conducted a review of the school’s movement
toward improved education status. His report
read, “It appears to this reviewer that the under-
graduate program of Iowa State University School
of Business Administration is in an advanced
stage of readiness for accreditation.”
Of course, to achieve that goal the school
had to be a freestanding academic unit. At that
time we were part of the College of Sciences
and Humanities.
Associate Director August Ralston was
assigned the task of writing a report requesting
elevation of the school to a freestanding college.
Submission of the completed report took place
during the later part of 1983. It was approved by
the Board of Regents on August 19, 1983, with
an effective change date of July 1, 1984.
To gain growth and maturity our business
program needed the experiences of 1978 to
1984. As I look back, I’m very appreciative of
my ’78 meeting with Dean Russell. Inspired by
a line from Shakespeare’s Hamlet, I’ll close with
the following thought: “The school is the route
wherein our college came about.” ■
From the Desk of Founding Dean Charles HandyDR
. C
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“ Such an institu-
tion was my goal
and that of many
others on the
school faculty.”
Assuming you have read
the previous pages of this
Prospectus, you are now aware
of the college’s 25th anniversary.I am proud to have been a part of our birthday
in 1984. I am also proud of our program’s
accomplishments during the six years prior.
They might well be called the conception and
gestation period of the college.
During the 1978-79 academic year the
Department of Industrial Administration’s five
area coordinators and I developed a 45-page
document entitled “Report of the Industrial
Administration Long-Range Planning Committee.”
Included was a recommendation to convert the
department to a professionally recognized school.
The idea was the result of a conversation I had
with our dean, Dr. Wallace Russell of the College
of Sciences and Humanities (Liberal Arts and
Sciences). On September 1, 1980, the school
was established.
On the evening of March 28, 1981, we
gathered to celebrate our movement to school
status. The evening featured presentations by
Dr. Bill Thompson, President Robert Parks and me.
Our discussions concerned the past, present,
and future of business education at Iowa State.
The evening did have the hint of a future college,
one accredited by the American Assembly of the
Collegiate Schools of Business, but the subject
was not brought to the forefront. However, such
an institution was my goal and that of many
others on the school faculty.
Coinciding with the establishment of
the school, the undergraduate program was
restructured in 1980 by defining five majors:
accounting, finance, management, marketing,
and transportation/logistics. This was the initial
36 VOLUME 25 NUMBER 2 ■ FALL 2009 ■ WWW.BUSINESS.IASTATE.EDU
Craig A. Petermeier ’78, ChairPresident, CEOJacobson Companies
Ronald D. Banse ‘75Assistant General AuditorUnion Pacific Corporation
Kelley A. Bergstrom ‘65PresidentBergstrom Investment Management, LLC
Steve W. Bergstrom ‘79ChairmanArclight Energy Marketing
G. Steven Dapper ‘69Founder and Chairmanhawkeye | GROUP
John D. DeVries ‘59CEO, RetiredColorfx
Jerald K. Dittmer ‘80President and Executive Vice PresidentThe HON Company and HNI Corporation
David J. Drury ‘66Chairman and CEO, RetiredThe Principal Financial Group
David K. Ecklund ‘72Director, Global Supply Chain Management Executive MBA ProgramUniversity of Tennessee, Knoxville
Denise I. Essman ‘73President and CEOEssman/Associates and Essman/Research
Mark Fisher ‘76President and CEOUnited Community Bank
Beth E. Ford ‘86Executive Vice President, Head of Supply ChainInternational Flavors and Fragrances, Inc.
James F. Frein ‘67President, RetiredHutchinson, Shockey, Erley & Co
Russell GerdinChairman and CEOHeartland Express, Inc.
Peter Gilman ‘86President and Chief Executive OfficerAEGON Extraordinary Markets
Isaiah Harris, Jr. ‘74ConsultantPalm Coast, FL
Cara K. Heiden ‘78Co-PresidentWells Fargo Home Mortgage
Daniel J. Houston ‘84President, Retirement & Investor ServicesPrincipal Financial Group
Richard N. Jurgens ‘71Chairman, Chief Executive Officer, PresidentHy-Vee, Inc.
David J. Kingland ‘80President and CEOKingland Systems
Daniel L. Krieger ‘59ChairmanAmes National Corporation
Cheryl G. Krongard ‘77Partner, RetiredApollo Management, LP
Robert E. McLaughlin ‘60Senior PartnerSteptoe and Johnson, LLP
Timothy J. O’Donovan ‘68Chairman of the Board Wolverine World Wide, Inc.
David W. Raisbeck ‘71Vice Chairman, RetiredCargill, Inc.
Ann Madden RiceChief Executive OfficerUniversity of California, Davis Medical Center
Frank Ross ‘84Vice President—North America OperationsPioneer Hi-Bred International, Inc.
Steven T. Schuler ‘73Executive Vice President and Chief Financial OfficerFederal Home Loan Bank of Des Moines
Walter W. Smith ‘69CEOITWC Polyurethane
John H. Stafford ‘76Vice President, Financial Shared ServicesGeneral Mills, Inc.
Jane Sturgeon ‘85Chief Executive OfficerBarr-Nunn Transportation, Inc.
Jill A. Wagner ‘76Regional Vice PresidentFrontier Communications Solutions
Mark Walker ‘79Senior Vice PresidentC.H. Robinson Worldwide, Inc.
AdministrationLabh S. HiraRaisbeck Endowed Dean
Michael R. CrumAssociate Dean, Graduate Programs
Kay M. PalanAssociate Dean, Undergraduate Programs
Marvin L. BouillonChair, Department of AccountingChair, Department of Finance
Thomas I. ChackoChair, Department of ManagementChair, Department of Marketing
Qing HuChair, Department of Logistics, Operations, and Management Information Systems
Ronald J. AckermanDirector, Graduate Admissions
Steven T. CarterDirector, Pappajohn Center for Entrepreneurship
Ann J. Coppernoll Director, Undergraduate Programs
Mary F. EvansonDirector of Development
Jeremy D. GalvinSenior Director of Development
James M. HeckmannDirector, Small Business Development Center
Soma MitraAcademic Fiscal Officer
Mark S. PetersonDirector, Graduate Career Services
Sridhar RamaswamiDirector, PhD Program
Jennifer D. ReitanoDirector, MBA Recruitment and Marketing
Daniel J. RyanDirector, Marketing and Alumni Relations
Kathryn K. WielandDirector, Business Career Services
Dean’s Advisory Council
COLLEGE OF BUSINESS
2200 Gerdin Business Building
Ames, IA 50011-1350
NONPROFIT ORG.
U.S. POSTAGE PAID
AMES, IA
PERMIT NO. 200